As the Canadian canola industry remained braced for whatever may come from China in regard to tariffs, a sharp blow to the oilseed arose from a much different source. United States President-elect Donald Trump threatened Canada and Mexico with 25 per cent tariffs on their goods imported by the U.S. effective Jan. 20, the day he’s sworn in.
ICE Canada Weekly: Uncertainty weighs on canola
Strong market continues for Manitoba cattle
Severe weather limits cattle numbers at some auction marts
Prices at Manitoba cattle auctions remained strong during the week of Nov. 15 to 21, with good prospects that they will continue for awhile, said Scott Anderson of Winnipeg Livestock Sales.
Prairie Wheat Weekly: Spring wheat rises, durum falls back
Spring wheat cash prices were higher for the week ended Nov. 21, but those from amber durum stepped back. Support came from higher United States wheat futures, that were pushed upward by heightened tensions in the Russia-Ukraine war. However, Prairie prices also felt the weight of a stronger Canadian dollar.
Feed Grain Weekly: Prices ‘percolating sideways’
Transportation issues push up barley prices
As winter conditions descended on Alberta, prices for feed grains bumped up a little, but were otherwise "percolating sideways," stated Jim Beusekom of Market Place Commodities in Lethbridge.
CBOT Weekly: Pros and cons for U.S. soybeans, corn, wheat
As the likelihood of tariffs loom over United States soybean, corn and wheat exports, that trio of commodities has been facing their share of pros and cons, said analyst Tom Lilja of Progressive Ag in Fargo, N.D.
Trump effect lowers grain markets
Canola, soy, corn and wheat markets were all impacted by geopolitical and weather factors in the second week of November
Canola, soy, corn and wheat markets were all impacted by geopolitical and weather factors in the second week of November.
Only small changes in latest AAFC estimates
There were only small changes to the updated supply/demand estimates from Agriculture and Agri-Food Canada (AAFC) released Nov. 19. All of the other data in the AAFC report were carried over from its October report.
Canadian agriculture minister visits China
MacAulay in China week of Nov. 11
The Canadian government confirmed on Nov. 19 that Agriculture and Agri-Food Minister Lawrence MacAulay met with Chinese officials to discuss the canola trade between the two countries. This came about a week after rumours in the media began swirling about the trip.
ICE Canada Weekly: Sideways trading likely until Trump sworn in
Uncertainty over policies of president-elect
As to where canola and other grains go in the coming months is somewhat uncertain, said analyst Wayne Palmer of Exceed Grain in Winnipeg. He pointed directly at the incoming Trump administration in the United States and the policies the president-elect has been touting.
Fall run at Manitoba’s cattle auctions going strong
Prices remain very strong, pulling animals into markets
As the fall run continues at Manitoba’s cattle auctions, numbers led the Killarney Auction Mart to add an extra sale, said Killarney’s Allan Munroe. In addition to the auction’s regular weekly sale on Nov. 4, there was a special cow and butcher bull sale Nov. 7 with expectations of 300 head.
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